Polunin Capital Partners Ltd Buys New Stake in Ultrapar Participações S.A. (NYSE:UGP)

Polunin Capital Partners Ltd bought a new stake in shares of Ultrapar Participações S.A. (NYSE:UGP - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 8,680,434 shares of the oil and gas company's stock, valued at approximately $26,736,000. Ultrapar Participações accounts for approximately 4.5% of Polunin Capital Partners Ltd's investment portfolio, making the stock its 9th biggest position. Polunin Capital Partners Ltd owned about 0.78% of Ultrapar Participações at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its position in shares of Ultrapar Participações by 74.3% during the 4th quarter. Renaissance Technologies LLC now owns 3,513,800 shares of the oil and gas company's stock valued at $9,241,000 after purchasing an additional 1,497,300 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Ultrapar Participações by 18.7% in the fourth quarter. Marshall Wace LLP now owns 2,821,125 shares of the oil and gas company's stock valued at $7,420,000 after purchasing an additional 444,724 shares during the period. American Century Companies Inc. increased its holdings in shares of Ultrapar Participações by 6.5% in the fourth quarter. American Century Companies Inc. now owns 1,776,107 shares of the oil and gas company's stock valued at $4,671,000 after purchasing an additional 108,213 shares during the period. Two Sigma Investments LP boosted its stake in shares of Ultrapar Participações by 58.2% in the fourth quarter. Two Sigma Investments LP now owns 1,654,373 shares of the oil and gas company's stock worth $4,351,000 after buying an additional 608,951 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its stake in shares of Ultrapar Participações by 18.9% in the fourth quarter. Two Sigma Advisers LP now owns 1,382,300 shares of the oil and gas company's stock worth $3,635,000 after buying an additional 220,200 shares during the last quarter. Institutional investors own 3.58% of the company's stock.

Ultrapar Participações Stock Up 0.3%

NYSE:UGP traded up $0.01 during midday trading on Thursday, reaching $2.91. The company had a trading volume of 811,233 shares, compared to its average volume of 1,691,669. The stock's fifty day simple moving average is $3.00 and its 200-day simple moving average is $2.91. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 6.33, a PEG ratio of 2.39 and a beta of 1.03. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.76. Ultrapar Participações S.A. has a 12-month low of $2.53 and a 12-month high of $4.51.

Analyst Ratings Changes

Separately, Wall Street Zen cut Ultrapar Participações from a "buy" rating to a "hold" rating in a report on Saturday, May 17th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Ultrapar Participações has a consensus rating of "Moderate Buy" and an average target price of $3.20.

Ultrapar Participações Profile

Ultrapar Participações SA, through its subsidiaries, operates in the energy and infrastructure business in Brazil. The company distributes liquefied petroleum gas to residential, commercial, and industrial consumers, in addition to renewable electricity and compressed natural gas. It also operates in the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants; and holds AmPm convenience stores and provides JetOil lubricant services.